28
Oct
19:44
Carpenter stays in red despite strong demand, backlog
With a strong backlog and solid demand, US specialty metals producer Carpenter Technology expects to see improving results next year, even as it posted another quarterly loss.
“Demand patterns across our end-use markets continue to improve as our backlog finished up 25% sequentially and 49% year-over-year,” says president and ceo Tony Thene in the company’s third quarter earnings release. “We continue to see signs of a broad-based recovery …
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Anonymous
Very good overview of the weekly steel market.
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